The next day, Rohit logged into ICICI’s website and saw a note: “Existing salary account customers get 0.10% off. CIBIL > 800 gets 0.15% off.”
He checked his CIBIL score: . Priya’s was 798 . He called ICICI’s home loan desk and asked: “What’s the best rate for CIBIL 802 and if I open a salary account with you?” icici home interest rates
After a few calls and a follow-up email, the bank revised the offer to — a reduction of 0.25%. The next day, Rohit logged into ICICI’s website
Rohit: “They said 8.65% is their standard offer.” He called ICICI’s home loan desk and asked:
They approached ICICI Bank, which offered a home loan at (floating rate) for a 20-year tenure. The EMI came to about ₹50,400. The couple was ready to sign.
That weekend, at a family dinner, Rohit mentioned the loan. Uncle Mehta asked, “Did you check if you qualify for a lower rate based on your credit score or relationship with the bank?”
Let’s look at the numbers: